Albany, NY -- (SBWIRE) -- 04/18/2017 -- A real-time clock (RTC) or a semiconductor clock is an Integrated Circuit(IC) that not only keeps track of current time but also ensures smooth functioning of electronic devices by maintaining proper time among device components. The semiconductor clocks are used in embedded systems, servers and personal computers among others which needs to keep track of accurate time.

A Semiconductor Clock has various advantages, such as low power consumption, the ability to free the main system for time critical tasks, and capability to provide more accurate time than the other methods. The most crucial among them is the lower power consumption which is acting as the primary force driving the growth of the global semiconductor clock market. An integrated clock enables all electronic devices to maintain current time even when the device is switched off. However the amount of power consumed in integrated clocks is high, and it eventually leads to the loss of power of the device completely, within a short span of time. A RTC, on the other hand, is able to perform the same function for the device thereby ensuring minimal power consumption.

In addition, advancements in the MEMS technologies is also driving the global semiconductor clock market. Increasing focus on funding and rising number of investors on MEMS oscillators has enabled the RTS manufacturers to introduce variety of innovative features that includes packaging and fabrication in MEMS oscillators. These oscillator manufacturers are continually upgrading features such as power consumption, noise jitter, and frequency stability. Technological developments in the MEMS oscillators are making the semiconductor clock devices faster, cost effective, and energy efficient.

Semiconductor clocks faced with the issue of poor accuracy as it can only be updated per seconds and not per fraction of seconds. The accuracy of a semiconductor clock is determined by a time base oscillator which typically has a 32.768 kHz crystal. These crystals are very cheap but fall behind in terms of timekeeping, thereby reducing the accuracy of the semiconductor clocks. All these factors are acting as a restraining factor in the growth of global semiconductor clocks market.

The global semiconductor clock market can be segmented on the basis of application and geography. By application the global semiconductor clock market can be sub-segmented as telecommunications sector, automotive applications, industrial devices, computing devices and consumer electronic devices. In terms of application, the consumer electronic devices sector held the largest market share and is expected to continue its dominance throughout the forecast period from 2016 to 2024.. The consumer electronic devices segment includes essential electronic devices such as cameras, washing machines, TVs, refrigerators, smartphones, tablets, ACs, and wearable and display technologies. Since almost all of these devices run on the basis of time-based information, the demand for RTC clocks in these markets is expected to rise significantly over the next few years.

By geography the global semiconductor market can be categorized as North America, Asia Pacific, Europe, and Rest of World (Row). Among the regions, a significant portion of the worldwide Real Time Clock (RTC) market is held by Asia Pacific. And the prospect of growth in this market is propelled by the recent shift of chip manufacturing units from the developed countries such as U.S to Asia-Pacific regions. These shift of chip manufacturing units to Asia-Pacific regions is primarily being fueled by the abundance of cheap labor available in this part of the world.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.